SINGAPORE – Local car-sharing company GetGo will add around 50 Singapore-made Hyundai electric vehicles to its fleet next year.
The announcement was made Thursday, May 26 at an event with its automotive partner, Hyundai Motor Innovation Center in Singapore (HMGICS).
Launched in 2021, GetGo said it has a fleet of over 1,400 vehicles across 1,300 locations in Singapore. The company aims to grow the fleet to 2,500 vehicles by the end of this year and 10,000 vehicles by 2030.
These cars are currently sourced from fleet owners. GetGo General Manager Mr. Toh Ting Feng said cars owned by private users may be included in the total fleet in the future.
Currently, it is possible to pick up a car from GetGo for as little as an hour.
Although rental prices for the Ioniq 5 are not yet available, it is classified by GetGo as a “premium EV”, so it should cost more to reserve than regular models, but with lower mileage charges.
According to Hyundai, a fully charged Ioniq 5 can travel up to 481 km. GetGo will ensure that the EV has sufficient range before the car is rented. If the renter needs to charge the car during the rental, there will be no charge for charging under the agreement between GetGo and the charging station operator CDG Engie.
GetGo already lists the Hyundai Ioniq EV, Hyundai Kona EV and MG ZS EV on its platform. These cars are smaller than the Ioniq 5.
The reservation fee to use these models for one hour during “normal” times is $7 and 25 cents is charged for each mile traveled.
For comparison, a typical non-electric alternative like the Mazda 3 costs $6 to reserve and comes with a higher mileage charge of 39 cents per km. Fuel is included in the rental, so renters don’t have to refuel before returning the cars.
GetGo also announced that it will offer 10 electric vehicles on its platform to residents of the Jurong Spring division “in the next six months”.
Production of the larger and more powerful Ioniq 5 in Singapore is expected to start later this year when the Bulim Avenue manufacturing plant is ready.
GetGo said there will also be Ioniq 5 units among the Jurong Spring fleet in the future.
HMGICS is a direct subsidiary of South Korean automaker Hyundai Motor Group. In addition to car manufacturing, HMGICS is also exploring future mobility solutions, which include car-sharing concepts.
CDG Engie is a joint venture between the transport group ComfortDelGro and the French energy company Engie.